Michael Antczak | Real Estate Sales Representative Serving Vaughan, Kleinburg | RE/MAX Premier Inc., Brokerage | Real Estate Mike for All Your Real Estate Needs

My Real Estate Blog - Market Trends, Tips & Updates

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Stress test to hit 'move-up' home buyers the hardest

10/20/2017 | Posted in Home Buyers by Michael Antczak

The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More


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Toronto housing expected to cool further in 2018

10/19/2017 | Posted in Toronto Real Estate by Michael Antczak

In its latest Metropolitan Outlook, The Conference Board of Canada noted that Toronto’s housing market will experience further cooling in 2018, after the moderation that ... More


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OSFI says stress test, lending rule changes will start Jan 1, 2018 - Industry Reactions

10/18/2017 | Posted in Mortgages and Real Estate by Michael Antczak

OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. 

... More


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Canada housing market rebound seen in mid-2018 as sales rise for second month in a row

10/14/2017 | Posted in Real Estate Market by Michael Antczak

The number of homes sold in September climbed for the second month in a row after a slowdown earlier this year that was led by a cooling in the Toronto market.

... More


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Rental market set for turbulence

10/13/2017 | Posted in Rental Market by Michael Antczak

Competition in Toronto's condo rental market has become so fierce that bidding wars are on the ... More


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Canadian home sales edge up again in September

10/13/2017 | Posted in Real Estate Market by Michael Antczak

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in September rose modestly from the previous month but remained down ... More


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Index retreats by 0.8% in September

10/12/2017 | Posted in Real Estate Market by Michael Antczak

In September the Teranet–National Bank National Composite House Price Index™ was down 0.8% from the previous month, the largest monthly decline since ... More


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Proposed mortgage stress test unnecessary and harmful: Fraser Institute

10/11/2017 | Posted in Mortgages and Real Estate by Michael Antczak

A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

... More


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Among Canada's housing markets, Toronto remains the most 'puzzling'

10/10/2017 | Posted in Real Estate Market by Michael Antczak

Conventional economic factors including population, incomes and borrowing costs accounted for less than half of the 40% surge in Toronto home prices between 2010 and 2016, ... More


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Mortgage carrying costs for new buyers to increase by 8% in 2018

10/10/2017 | Posted in Home Buyers by Michael Antczak

Amid steadily rising mortgage costs, prospective home buyers should brace themselves for a less friendly purchasing environment in a few months’ time, although current ... More


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GTA's hottest market outside of downtown Toronto

10/6/2017 | Posted in GTA Real Estate by Michael Antczak

Find out which city surrounding Toronto has the hottest real estate market that is poised for a boom.

... More


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GTA REALTORS® Release September Resale Housing Market Figures

10/4/2017 | Posted in GTA Real Estate by Michael Antczak

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB’s MLS® System in September ... More


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CMHC explores cutting red tape for self employed borrowers

10/2/2017 | Posted in Home Buyers by Michael Antczak

The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can ... More


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8 in 10 mortgage holders have high credit scores

10/2/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.

... More


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BoC Rate Increase got Consumers Worried

9/29/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More


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It turns out Canada's house prices aren't too bad

9/29/2017 | Posted in Real Estate Market by Michael Antczak

While plenty of homeowners, potential homeowners, and experts will disagree, Canada’s homes are not as expensive as we may think.

... More


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Emotions drive Canadian homebuyers to smash their budgets

9/29/2017 | Posted in Home Buyers by Michael Antczak

Sixty percent of Canadian homebuyers would exceed their budget to buy a home with more than half willing to smash it by $50K!

... More


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Ontario to streamline housing development process

9/29/2017 | Posted in Ontario Real Estate by Michael Antczak

In an announcement earlier this week, the government of Ontario stated that it has established a new team tasked with removing the multiple barriers to housing construction and ... More


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Canada indebtedness to limit rate-increase room

9/28/2017 | Posted in Mortgage Interest Rates by Michael Antczak

Bank of Canada Governor Stephen Poloz could pause monetary tightening this year over concerns about the impact of higher interest rates for consumers holding record debts, ... More


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